The following table summarizes the assets and liabilities of these divested operations reflected in the December 31, 2013 consolidated balance sheet (in thousands):




Inventories	$	33,730
Other current assets	2,060
Net property, plant & equipment	35,560
Other noncurrent assets	190
Accounts payable and accrued expenses	10,599
Other noncurrent liabilities	38,340

As part of a strategy to divest non-core thermal coal assets, the Company entered into a definitive agreement on June 27, 2013 to sell Canyon Fuel, to Bowie Resources, LLC. Canyon Fuel operated two longwall mining complexes and a continuous miner operation in Utah. The sale was completed on August 16, 2013, for $422.7 million in cash, including adjustments to the purchase price to finalize working capital.

The following table summarizes the results of discontinued operations through the date of disposition:



	Year Ended December 31,
	2013		2012

Total Revenues	$	219,002	$	390,912
Income from discontinued operations before income taxes	$	32,167	$	75,418
Gain on sale	120,321		—
Less: income tax expense	49,092		20,190
Income from discontinued operations, including gain on sale - net of tax	$	103,396	$	55,228

Basic earnings per common share from discontinued operations	$	0.49	$	0.26
Diluted earnings per common share from discontinued operations	$	0.49	$	0.26